FrieslandCampina Engro Pakistan : Financial Results for the 2nd Quarter 2023

Quarter ended June 30,

Half year ended June 30,

2023

2022

2023

2022

------------- Rupees --------------------------- Rupees --------------

Revenue from contracts with customers - net

24,363,985

16,799,840

47,014,911

30,770,804

Cost of sales

(21,007,940)

(14,193,421)

(39,301,826)

(25,573,042)

Gross profit

3,356,045

2,606,419

7,713,085

5,197,762

Distribution and marketing expenses

(1,901,381)

(1,395,999)

(3,857,715)

(2,538,119)

Administrative expenses

(425,227)

(348,290)

(854,636)

(708,283)

Other operating expenses

(117,517)

(88,168)

(382,815)

(160,143)

Other income

979,304

331,629

1,255,496

498,384

Operating profit

1,891,224

1,105,591

3,873,415

2,289,601

Finance cost

(831,735)

(375,570)

(1,322,292)

(625,604)

Profit before taxation

1,059,489

730,021

2,551,123

1,663,997

Taxation

(723,602)

(455,576)

(1,224,873)

(725,823)

Profit for the period

335,887

274,445

1,326,250

938,174

Unappropriated profit / brought forward

5,421,608

2,587,475

4,431,245

1,923,746

Transfer of employee share option compensation

1,267

41,826

1,267

41,826

reserves to unappropriated profit

Profit available for appropriation

5,758,762

2,903,746

5,758,762

2,903,746

Earnings per share - basic and diluted

0.44

0.36

1.73

1.22